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Below is the chart of accounts for Myer company.
Charts of Accounts
11. Cash
12. Accounts Receivable
14. Computer Supplies
18. Equipment
21. Accounts payable
23. Notes payable
31. O. Meyer Capital
32. O. Meyer Drawing
41. Fees earned
51. Wages Expense
52. Rent Expense
Journalize the following July transactions for Myer Company
July 2. Received $40,000 from Oscar Meyer, owner
July 5 Purchased $8500 in computer supplies on account
July 10 Paid $5000 for July rent
July 13 Purchased...
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Heidi Jara opened Whispering Winds's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Stockholders invested $20,000 cash in the business in exchange for common stock. Purchased used truck for $8,800, paying $4,100 cash and the balance on account. Purchased cleaning supplies for $2,300 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $4,600 for cleaning services. Paid $1,500 cash on amount owed...
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Problem 4-05A a-g (Part Level Submission) (Video) Pharoah Clark opened Pharoah's Cleaning Service on July 1, 2020. During July, the following transactions were completed. July 1 Pharoah invested $20,000 cash in the business. 1 Purchased used truck for $9,000, paying $4,100 cash and the balance on account. 3 Purchased cleaning supplies for $2,000 on account. 5 Paid $1,680 cash on 1-year insurance policy effective July 1. 12 Billed customers $4,400 for cleaning services. 18 Paid $1,400 cash on amount owed...
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p.s, it is one whole chart just had to slide over to capture
every thing.
1 2 3 4 On April 1, Jennifer Davis established Davis's Travel Agency. The following transactions were completed during the month. Invested $18,000 cash to start the agency. Paid $600 cash for April office rent Purchased equipment for $2,500 cash. Incurred $600 of advertising costs in the Chicago Tribune, on account Paid $600 cash for office supplies. Performed services worth $11,000 $3,400 cash is received...
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a) Prepare Closing entries
b) Post adjusting and closing entries (just need help
with owner's capital & Income Summary)
c) Prepare a post-closing trial balance
d) Determine whether the subsidiary ledgers agree with
the control accounts in the general ledger
Prepare a trial balance at January 31, 2020, in the trial balance columns of the worksheet. Complete the worksheet using the following additional information. 1. Office supplies at January 31 total $900. 2. Insurance coverage expires on October 31, 2020....
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What is the van, notes
payable, accounts payable & Kris Storey Capital?
Van 18 Post Balance Date Item Ref. Dr. Cr. Dr. Cr. 2019 June Notes Payable 21 Post Balance Ref. Cr. Date Item Dr. Crг. Dr. 2019 June Enter as a formula calling on amounts in the trial balance. Dr. Accounts Payable 22 Balance Date Item Cr. Dr. Cr. 2019 June Kris Storey, Capital 31 Post Balance Cr. Ref. Cr. Date Item Dr. Dr. 2019 June Required: 1. Journalize...
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please help ???
(2) Using the journal entries above, what is Justin's
revenue for the month?
(3) Using the journal entries above, what are Justin's expenses for
the month?
(4) Using the journal entries above, what is Justin's NET INCOME
for the month?
BU Use the following Chart of Accounts as a reference for Account Names. You must spell the Account Name exactly as it is in the CRST OF ACC Chart of Accounts Assets Stockholders' Equity Cash Contributed Capital...
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Instruction 1. Journalize the following transactions Jan 2. AAA issued extra common stock and collected cash $10,000 Jan 5. AAA purchased an equipment on credit ($3,000) Jan 20. AAA pays back $3,000 in cash to the equipment seller Jan 21. AAA borrowed $3,500 from local bank by signing a notes payable Jan 22. AAA purchased supplies $600 by cash Jan 23. AAA paid salaries $3,000 in cash Jan 24. AAA received cash $10,000 and promised to provide catering service on...
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last 3 pics is all one chart just many parts bc so long
Question 3 of 6 -/1 E View Policies Current Attempt in Progress Helen Martin started her own consulting firm, Ivanhoe Consulting, on May 1, 2020. The following transactions occurred during the month of May May 1 2 3 5 9 12 15 17 20 23 26 29 30 Trixie invested $6,800 cash in the business. Paid $950 for office rent for the month Purchased $700 of supplies...
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if you arent able to get it exactly like the template thats
ok
Adjusted Trial Balance For the Month Ended June 30, 2020 Credit Adjusted Trial Balance Debit $ 3,712 3,904 480 Account Titles Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable $ 1,382 160 5,760 550 4,300 1,260 256 1,900 $12,062 460 $12,062 Instructions (a) Prepare closing entries at June...
Heidi Jara opened Whispering Winds's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Stockholders invested $20,000 cash in the business in exchange for common stock. Purchased used truck for $8,800, paying $4,100 cash and the balance on account. Purchased cleaning supplies for $2,300 on account. Paid $1,800 cash on a 1-year insurance policy effective July 1. Billed customers $4,600 for cleaning services. Paid $1,500 cash on amount owed...
Problem 4-05A a-g (Part Level Submission) (Video) Pharoah Clark opened Pharoah's Cleaning Service on July 1, 2020. During July, the following transactions were completed. July 1 Pharoah invested $20,000 cash in the business. 1 Purchased used truck for $9,000, paying $4,100 cash and the balance on account. 3 Purchased cleaning supplies for $2,000 on account. 5 Paid $1,680 cash on 1-year insurance policy effective July 1. 12 Billed customers $4,400 for cleaning services. 18 Paid $1,400 cash on amount owed...
p.s, it is one whole chart just had to slide over to capture
every thing.
1 2 3 4 On April 1, Jennifer Davis established Davis's Travel Agency. The following transactions were completed during the month. Invested $18,000 cash to start the agency. Paid $600 cash for April office rent Purchased equipment for $2,500 cash. Incurred $600 of advertising costs in the Chicago Tribune, on account Paid $600 cash for office supplies. Performed services worth $11,000 $3,400 cash is received...
a) Prepare Closing entries
b) Post adjusting and closing entries (just need help
with owner's capital & Income Summary)
c) Prepare a post-closing trial balance
d) Determine whether the subsidiary ledgers agree with
the control accounts in the general ledger
Prepare a trial balance at January 31, 2020, in the trial balance columns of the worksheet. Complete the worksheet using the following additional information. 1. Office supplies at January 31 total $900. 2. Insurance coverage expires on October 31, 2020....
What is the van, notes
payable, accounts payable & Kris Storey Capital?
Van 18 Post Balance Date Item Ref. Dr. Cr. Dr. Cr. 2019 June Notes Payable 21 Post Balance Ref. Cr. Date Item Dr. Crг. Dr. 2019 June Enter as a formula calling on amounts in the trial balance. Dr. Accounts Payable 22 Balance Date Item Cr. Dr. Cr. 2019 June Kris Storey, Capital 31 Post Balance Cr. Ref. Cr. Date Item Dr. Dr. 2019 June Required: 1. Journalize...
please help ???
(2) Using the journal entries above, what is Justin's
revenue for the month?
(3) Using the journal entries above, what are Justin's expenses for
the month?
(4) Using the journal entries above, what is Justin's NET INCOME
for the month?
BU Use the following Chart of Accounts as a reference for Account Names. You must spell the Account Name exactly as it is in the CRST OF ACC Chart of Accounts Assets Stockholders' Equity Cash Contributed Capital...
Instruction 1. Journalize the following transactions Jan 2. AAA issued extra common stock and collected cash $10,000 Jan 5. AAA purchased an equipment on credit ($3,000) Jan 20. AAA pays back $3,000 in cash to the equipment seller Jan 21. AAA borrowed $3,500 from local bank by signing a notes payable Jan 22. AAA purchased supplies $600 by cash Jan 23. AAA paid salaries $3,000 in cash Jan 24. AAA received cash $10,000 and promised to provide catering service on...
last 3 pics is all one chart just many parts bc so long
Question 3 of 6 -/1 E View Policies Current Attempt in Progress Helen Martin started her own consulting firm, Ivanhoe Consulting, on May 1, 2020. The following transactions occurred during the month of May May 1 2 3 5 9 12 15 17 20 23 26 29 30 Trixie invested $6,800 cash in the business. Paid $950 for office rent for the month Purchased $700 of supplies...
if you arent able to get it exactly like the template thats
ok
Adjusted Trial Balance For the Month Ended June 30, 2020 Credit Adjusted Trial Balance Debit $ 3,712 3,904 480 Account Titles Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable $ 1,382 160 5,760 550 4,300 1,260 256 1,900 $12,062 460 $12,062 Instructions (a) Prepare closing entries at June...